Indian Institute of Technology Madras has seen a 56% increase in the pre-placement offers (PPOs) this academic year (2017-18). The institute has received 114 PPOs this year when compared to 73 during 2016-17.
While core sectors accounted for the highest number of PPOs, there were also a large number of offers from financial services firms. The major recruiters were Qualcomm, Microsoft, Citi, Goldman Sachs, Samsung RD, and Texas Instruments.
Nearly 60% of the PPOs went to students of computer science and electrical engineering departments as the core engineering industry caters to the other engineering disciplines.
Nori Archana, a B.Tech Civil Engineering Department student who will graduate in 2018 and has got a PPO from Goldman Sachs, said, “The number of PPOs have increased tremendously this year as compared to the previous one which is a good sign for both companies and students. We can clearly infer from this that companies are drifting to a PPO sort of recruitment from conventional campus placements.”
Professor Manu Santhanam, Advisor, Training and Placement, IIT Madras, said: “One of the principal reasons is an increase in the number of internships in companies that are large recruiters such as the American Software company Microsoft, the telecommunications equipment firm Qualcomm and the multinational financial services firm Goldman Sachs.”
The internships for students are facilitated through an institute-coordinated process.